Binance Coin is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The currency gave a negative signal from the rectangle formation by the break down through the support at 208. Further fall to 196 or lower is signaled. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 226 points.
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